Michael Burry is in the news again. Yeah, he's the guy from The Big Short. And he's betting on farmland.
Here's what he said to Bloomberg:
“I believe that agriculture land -- productive agricultural land with water on site -- will be very valuable in the future,” Burry, 39, said in a Bloomberg Television interview scheduled for broadcast this morning in New York. “I’ve put a good amount of money into that.”
I'm not a big believer in market oracles. But if ever there was one I believe in, it's Mike Burry. Sure, he's validating my take on future events, so that makes it easier. But this is a guy who studies things obsessively. If he's going in a direction, even if you don't agree with my take on Peak Oil and the economic impacts, watching someone who correctly identified the biggest market failure since 1929 is a worthwhile task.